economic questions typically centered on price determination and especially the impact ofmonopolyon markets. Scholars looked at the distribution of income andwealth, taxation, the role of government, and the functions of money. Influential thinkers in this prehistory of economics included the Greeks, ...
the course. The midterm exam gives you a chance to test whether you have mastered these concepts before extending them into new areas in the second part of the course. But before you try the exam, first use the review lecture, and the questions from students, to review the main concepts....
Several analyses have examined potential determinants of item non-response on population-based surveys and found that demographic and geographic characteristics like age, race, and region of residence are significantly associated with nonresponse to income and wealth questions while survey-specific ...
Here’s some pieces that address these good questions. First up, inflation. As inflation heats up…. Central bankers around the world are lifting interest rates at an aggressive clip as rapid inflation persists and seeps into a broad array of goods and services, setting the global economy up ...
Several of the soft skills are related to a range of concepts and questions studied in behavioral and experimental economics, such as willingness to compete, self-control problems (time-inconsistent preferences), intrinsic motivation, or self-confidence. In the following, we discuss the insights that...
The course introduces you to cutting-edge research in the economics of AI and the implications for economic growth and labor markets. We start by analyzing the nature of intelligence and information theory. Then we connect our analysis to modeling produc
This paper presents an analysis of the effects of public old-age support on individuals’ fertility decisions and on the long-term equilibrium in an o
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that it is the study of prices and markets, and incentives. That’s fundamentally what economics is,” Chetty told me in his office. “I understand that perspective. I view it as constraining. It depends upon if you want to define a field based on the questions or based on its tools....
To answer these questions, note that total hourly Gargantuan Taco production with zero workers is also zero. No input, no output. But with one worker busily making Gargantuan Tacos, the hourly taco production increases to 20. The change in total product resulting from the employment of the firs...